Callan Capital LLC Sells 68 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Callan Capital LLC trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,454 shares of the company’s stock after selling 68 shares during the period. Callan Capital LLC’s holdings in CrowdStrike were worth $1,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GM Advisory Group LLC increased its stake in CrowdStrike by 6.0% during the 2nd quarter. GM Advisory Group LLC now owns 1,753 shares of the company’s stock valued at $672,000 after purchasing an additional 100 shares in the last quarter. Wealth Advisors of Tampa Bay LLC boosted its position in shares of CrowdStrike by 7.1% during the second quarter. Wealth Advisors of Tampa Bay LLC now owns 3,332 shares of the company’s stock valued at $1,277,000 after buying an additional 220 shares during the last quarter. Trust Investment Advisors bought a new stake in CrowdStrike during the second quarter worth $225,000. Ieq Capital LLC raised its position in CrowdStrike by 7.0% in the 2nd quarter. Ieq Capital LLC now owns 570,166 shares of the company’s stock valued at $218,482,000 after buying an additional 37,487 shares during the last quarter. Finally, Brighton Jones LLC lifted its stake in CrowdStrike by 43.2% during the 2nd quarter. Brighton Jones LLC now owns 6,993 shares of the company’s stock valued at $2,680,000 after acquiring an additional 2,111 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CRWD. Mizuho cut their price objective on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Oppenheimer reduced their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Truist Financial restated a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a research note on Wednesday, August 28th. Sanford C. Bernstein cut their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Finally, Royal Bank of Canada decreased their price objective on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.03.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the transaction, the director now directly owns 824,234 shares in the company, valued at $313,382,009.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,577 shares of company stock valued at $16,330,609. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 3.8 %

CRWD opened at $277.38 on Friday. The stock has a market cap of $67.50 billion, a PE ratio of 523.36, a PEG ratio of 16.14 and a beta of 1.09. The business has a 50 day moving average of $267.33 and a 200-day moving average of $312.39. CrowdStrike Holdings, Inc. has a 52 week low of $157.59 and a 52 week high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.